register

Hotel Slide Is a Reset, Not a Cycle

Published Thursday, October 01, 2009

What the U.S. hotel industry is experiencing today isn’t simply the downside of a highly cyclical business, emphasizes Thomas Magnuson, but rather a massive fundamental shift. “It’s a reset,” declares the CEO and principal of Magnuson Hotels, ranked by Inc. Magazine as the world’s largest independent hotel group. “There has been such a dramatic drop in occupancy—over 10 points year-to-date this year versus year-to-date last year. We’re seeing this intersecting or colliding with one of the largest supply increases in history,” adds Magnuson, whose Spokane, Wash.-based company represents nearly 1,000 hotels in the U.S.

To continue reading this article, please register or login – it’s quick and free…

Member Login

Forgot password? Need Help?

Enter your email address below, and we'll email your password.

Are cookies enabled in your browser?

This site uses cookies and session data to keep track of your name and preferences while you're logged in. You cannot login without enabling cookies.

One Step Registration

Fill out the form below for instant access to the page you’ve requested.

Website members also receive access to our entire archive and may apply for a complimentary subscription to our print magazine.
All fields are required Personal Info
  Required Must be a valid email
  Required Passwords must match
  Required
  Required
  Required
  Required
  Required
  Required
  Required

Lodging Hospitality Magazine

Submit the form for instant access to the page you've requested.

Hotel Development Center

LHTV

Resources

Follow the Conversation

Poll Question